The business is liable to the proprietor of the business in respect of capital introduced by the person according to

(a)

Money measurement concept

(b)

Cost concept

(c)

Business entity concept

(d)

Dual aspect concept

The profounder of double entry system of book-keeping is ___________

(a)

J. R. Batlibai

(b)

Luca Pacioli

(c)

Old Kesal

(d)

Menhar

Which of the following does not follow dual aspect concept?

(a)

Increase in one asset and decrease in other asset

(b)

Increase in both asset liability

(c)

Decrease in one asset and decrease in other asset

(d)

Increase in one asset and increase in capital

___________ is the process of recording business transactions in the books of accounts in a systematic way.

(a)

book keeping

(b)

Accountancy

(c)

Statistics

(d)

none of these

When money came into existence, ____________ activities involving money also flourished along with it.

(a)

science

(b)

economic

(c)

commerce

(d)

business

___________ involves recording business transactions of financial nature in the books of accounts.

(a)

Balance Sheet

(b)

Trial balance

(c)

book keeping

(d)

All the above

ASB

(1)

Collective process

Accountancy

(2)

Systematic knowledge

Book Keeping

(3)

Accounting Standards Board

Accounting cycle

(4)

Primary stage

Define Book Keeping.

What is meant by accounting concepts?

Briefly explain about realisation concept.

What is Accounting

What is Accountancy

What do you mean by Accounting Cycle

Explain the various accounting assumptions

"Business units last indefinitely". Mention and explain the concept on which the statement is based.

Write a brief note on Accounting Standards.

What are the limitations of Book keeping

What do you mean by IFRS?

What are the basic concepts of accounting?

What are advantages of book-keeping?

Briefly explain the relationship among accounting, accountancy and book-keeping.

Explain the meaning of Book-keeping and its features